Enbridge Equity Offering Seen As Catalyst By JPMorgan

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Enbrige Inc.'s $2.3 billion equity offering is being viewed as a wise move during tough times for many energy-related companies. The company also reduced its dividend growth forecast to 10 to 12 per cent between 2015 and 2019, from 14 to 16 per cent previously, a reflection of its more cautious outlook. Calling the offering a "key catalyst," J.P. Morgan analyst Jeremy Tonet noted that it serves as an important step to de-risk Enbridge's balance sheet&hellip

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